Manhattan Bridge Capital
Market Cap
US$41.3m
Last Updated
2020/08/12 23:58 UTC
Data Sources
Company Financials +
Executive Summary
Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States.
Rewards
Risk Analysis
Snowflake Analysis
Good value with acceptable track record.
Share Price & News
How has Manhattan Bridge Capital's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: LOAN has not had significant price volatility in the past 3 months.
Market Performance
7 Day Return
2.4%
LOAN
2.8%
US Mortgage REITs
0.7%
US Market
1 Year Return
-29.6%
LOAN
-33.6%
US Mortgage REITs
20.1%
US Market
Return vs Industry: LOAN exceeded the US Mortgage REITs industry which returned -33.3% over the past year.
Return vs Market: LOAN underperformed the US Market which returned 17.1% over the past year.
Shareholder returns
| LOAN | Industry | Market | |
|---|---|---|---|
| 7 Day | 2.4% | 2.8% | 0.7% |
| 30 Day | -4.2% | 13.1% | 6.4% |
| 90 Day | 2.6% | 32.3% | 20.1% |
| 1 Year | -23.3%-29.6% | -25.9%-33.6% | 22.6%20.1% |
| 3 Year | -5.4%-24.7% | -18.3%-41.4% | 45.1%35.7% |
| 5 Year | 70.3%18.5% | 11.3%-36.1% | 79.7%60.3% |
Price Volatility Vs. Market
How volatile is Manhattan Bridge Capital's share price compared to the market and industry in the last 5 years?
Simply Wall St News
2 months ago | Simply Wall St
Did Changing Sentiment Drive Manhattan Bridge Capital's (NASDAQ:LOAN) Share Price Down By 23%?3 months ago | Simply Wall St
Do Directors Own Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Shares?4 months ago | Simply Wall St
Analysts Just Made A Major Revision To Their Manhattan Bridge Capital, Inc. (NASDAQ:LOAN) Revenue ForecastsValuation
Is Manhattan Bridge Capital undervalued compared to its fair value and its price relative to the market?
44.4%
Undervalued compared to fair value
Share Price vs. Fair Value
Below Fair Value: LOAN ($4.29) is trading below our estimate of fair value ($7.72)
Significantly Below Fair Value: LOAN is trading below fair value by more than 20%.
Price To Earnings Ratio
PE vs Industry: LOAN is good value based on its PE Ratio (9.4x) compared to the US Mortgage REITs industry average (19.8x).
PE vs Market: LOAN is good value based on its PE Ratio (9.4x) compared to the US market (19.1x).
Price to Earnings Growth Ratio
PEG Ratio: LOAN is poor value based on its PEG Ratio (2.7x)
Price to Book Ratio
PB vs Industry: LOAN is overvalued based on its PB Ratio (1.3x) compared to the US Mortgage REITs industry average (0.8x).
Next Steps
Future Growth
How is Manhattan Bridge Capital forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?
3.4%
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: LOAN's forecast earnings growth (3.4% per year) is above the savings rate (2.2%).
Earnings vs Market: LOAN's earnings (3.4% per year) are forecast to grow slower than the US market (24.1% per year).
High Growth Earnings: LOAN's earnings are forecast to grow, but not significantly.
Revenue vs Market: LOAN's revenue (14.6% per year) is forecast to grow faster than the US market (9.4% per year).
High Growth Revenue: LOAN's revenue (14.6% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: Insufficient data to determine if LOAN's Return on Equity is forecast to be high in 3 years time
Next Steps
Past Performance
How has Manhattan Bridge Capital performed over the past 5 years?
16.5%
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: LOAN has high quality earnings.
Growing Profit Margin: LOAN's current net profit margins (77.5%) are higher than last year (77.2%).
Past Earnings Growth Analysis
Earnings Trend: LOAN's earnings have grown by 16.5% per year over the past 5 years.
Accelerating Growth: LOAN's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: LOAN had negative earnings growth (-1.7%) over the past year, making it difficult to compare to the Mortgage REITs industry average (-49.4%).
Return on Equity
High ROE: LOAN's Return on Equity (13.4%) is considered low.
Next Steps
Financial Health
How is Manhattan Bridge Capital's financial position?
Financial Position Analysis
Short Term Liabilities: LOAN's short term assets ($56.8M) exceed its short term liabilities ($481.4K).
Long Term Liabilities: LOAN's short term assets ($56.8M) exceed its long term liabilities ($23.7M).
Debt to Equity History and Analysis
Debt Level: LOAN's debt to equity ratio (71.8%) is considered high.
Reducing Debt: LOAN's debt to equity ratio has increased from 44.9% to 71.8% over the past 5 years.
Debt Coverage: LOAN's debt is not well covered by operating cash flow (18.5%).
Interest Coverage: Insufficient data to determine if LOAN's interest payments on its debt are well covered by EBIT.
Balance Sheet
Next Steps
Dividend
What is Manhattan Bridge Capital current dividend yield, its reliability and sustainability?
9.32%
Current Dividend Yield
Upcoming Dividend Payment
Dividend Yield vs Market
Notable Dividend: LOAN's dividend (9.32%) is higher than the bottom 25% of dividend payers in the US market (1.6%).
High Dividend: LOAN's dividend (9.32%) is in the top 25% of dividend payers in the US market (4.3%)
Stability and Growth of Payments
Stable Dividend: LOAN has been paying a dividend for less than 10 years and during this time payments have been volatile.
Growing Dividend: LOAN's dividend payments have increased, but the company has only paid a dividend for 7 years.
Current Payout to Shareholders
Dividend Coverage: With its high payout ratio (98.6%), LOAN's dividend payments are not well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
Next Steps
Management
How experienced are the management team and are they aligned to shareholders interests?
9.2yrs
Average management tenure
CEO
Assaf Ran (54 yo)
31.58yrs
Tenure
US$261,792
Compensation
Mr. Assaf Ran founded Manhattan Bridge Capital, Inc. (formerly Dag Media Inc.) in 1989 and has been its Chairman, Chief Executive Officer and President since 1989. Mr. Ran has been the Chief Executive Offi ...
CEO Compensation Analysis
Compensation vs Market: Assaf's total compensation ($USD261.79K) is below average for companies of similar size in the US market ($USD589.03K).
Compensation vs Earnings: Assaf's compensation has been consistent with company performance over the past year.
Leadership Team
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 31.58yrs | US$261.79k | 26.72% $ 11.0m | |
| CFO, VP | 9.17yrs | US$148.32k | 0.086% $ 35.3k | |
| Controller | 0.58yr | no data | no data |
9.2yrs
Average Tenure
Experienced Management: LOAN's management team is seasoned and experienced (9.2 years average tenure).
Board Members
| Name | Position | Tenure | Compensation | Ownership |
|---|---|---|---|---|
| Founder | 31.58yrs | US$261.79k | 26.72% $ 11.0m | |
| Independent Director | 21.42yrs | US$11.80k | 0.11% $ 47.1k | |
| Independent Director | 20.08yrs | US$11.80k | 0.36% $ 150.2k | |
| Independent Director | 1.17yrs | US$5.60k | 1.05% $ 433.5k | |
| Independent Director | 11.67yrs | US$11.20k | 0.40% $ 166.8k |
20.1yrs
Average Tenure
53yo
Average Age
Experienced Board: LOAN's board of directors are seasoned and experienced ( 20.1 years average tenure).
Ownership
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Recent Insider Transactions
Ownership Breakdown
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Top Shareholders
Company Information
Manhattan Bridge Capital, Inc.'s company bio, employee growth, exchange listings and data sources
Key Information
- Name: Manhattan Bridge Capital, Inc.
- Ticker: LOAN
- Exchange: NasdaqCM
- Founded: 1989
- Industry: Mortgage REITs
- Sector: Diversified Financials
- Market Cap: US$41.299m
- Shares outstanding: 9.63m
- Website: https://www.manhattanbridgecapital.com
Number of Employees
Location
- Manhattan Bridge Capital, Inc.
- 60 Cutter Mill Road
- Suite 205
- Great Neck
- New York
- 11021
- United States
Listings
| Ticker | Exchange | Primary Security | Security Type | Country | Currency | Listed on |
|---|---|---|---|---|---|---|
| LOAN | NasdaqCM (Nasdaq Capital Market) | Yes | Common Shares | US | USD | May 1999 |
Biography
Manhattan Bridge Capital, Inc., a real estate finance company, originates, services, and manages a portfolio of first mortgage loans in the United States. It offers short-term, secured, and non-banking loa ...
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2020/08/12 23:58 |
| End of Day Share Price | 2020/08/12 00:00 |
| Earnings | 2020/06/30 |
| Annual Earnings | 2019/12/31 |
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.